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Business Account

Internet banking Now Free for Business Account!

Business Account

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  • FREE access to DBS IDEAL™ corporate online banking and mobile app. Full functions of transactions and enquiries available on-the-go.
  • FREE Debit Card. No annual fee and 0.3% cash rebate.
  • Annual fees of only $40

The most value-for-money account! Apply online in just 5 minutes.

Value Features of Business Account

Recommended For

 

  • Ideal for companies which can maintain SGD 10,000 in the account
  • Transacts via internet banking, cheques and at the branch

 

Minimum balance

SGD 10,000*

Minimum initial deposit

SGD 3,000

Monthly Account Fee

Nil

Annual Account fee

SGD 40

Fall-below fee

SGD 35*

Internet & Mobile banking (IDEAL™) fee

FREE!

Security Device

FREE digital token (authentication using your iOS or Android device)

Debit Card

FREE!

Over-the-counter(OTC)
transaction fee^

As per Pricing Guide

Cheque Books issued

FREE


Refer to the pricing guide for more details.

*Waived for the first 3 months if your company has been incorporated in Singapore within the last 6 months and owned by individuals.

*Terms and Conditions apply for DBS promotions

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Apply For Your Account In 5 Minutes

Skip the branch and apply for a DBS Business Account with hassle-free online process.

 

For social enterprises, please call DBS BusinessCare at 1800 222 2200 to make an appointment with our branches.

Depending on your business structure, we would need to speak to:

  • Sole Proprietorship – the sole proprietor
  • Partnership/Limited Liability Partnership – all partners
  • Private/Limited Company – 1 director

Should your business fall into any of the following, then account set-up fees and a higher minimum daily balance will apply. Click here for more details.

  • Holding/Investment Holding/Personal Investment Holding Co (PIC)
  • Fund/Private Equity/Venture Capital/Hedge Fund/Trust Account/Special Purpose Vehicle
  • Money Service Business/Gambling Business/Casino/Junket Operator
  • Arms-Related/Defense Industry/Pyrotechnic Business/Fintech/Startup in Cryptocurrency/Digital Currency
  • Online Gaming/Gaming/Online Payment Provider
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FAQs

 

1. I am unable to find my company on the ‘2. ACRA Details’ step in the online application form. Why?

Try keying in your company name without ‘Pte Ltd’, etc. and you should be able to locate your company. Please note that if the company is newly registered, it will take 2 working days before your company details can be retrieved.

2. What documents am I required to submit and when do I need to submit them?

You may refer to the full list of required documents here.
You are only required to submit the documents after the application has been submitted online. We will arrange for a courier to pick up your documents if you had opted for a Relationship Manager to call you. For branch appointments, kindly bring the documents along with you.

3. How do I switch from my existing bank to DBS?

Switching to us will be a hassle-free process. We have put together a list of where you can find the commonly used GIRO authorisation forms for your perusal:

4. I want to open a Business Account, however I don’t live in Singapore. Do I have to come down personally?

In order for us to better understand the nature of your business, we do require a face-to-face meeting with you before we can open your Business Account.

5. I plan to open several accounts under different currencies. Will I have to maintain a minimum balance for each account?

Yes, you will have to maintain a minimum balance for each account. Please refer to our Account Fees & Charges for more details.

6. How is my average daily balance for the month calculated, and when will the fall-below fee be deducted from my Business Account?

Your end-of day credit balance is tracked throughout the month. These balances are then added together and divided by the number of days in the month in order to determine your average daily balance. If your average daily balance falls below the minimum balance requirement for the account, then a fall-below fee will be deducted at the end of the month.

7. I currently already have a DBS Business Account. How do I go about opening an additional account?

Please complete this form then bring it down to any of our branches.


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Why Choose Us?

Because with Asia’s leading SME bank, that spark in you can take on whatever you choose. That same spark to excel drives us to deliver better insights, innovation and performance. It made us the best SME bank in Asia, so that you can live more, bank less.

Retail Banker International

Retail Banker International

Excellence in SME Banking 2016, Asia

The Asset

The Assets

Best SME Bank for Working Capital & Treasury 2015, Singapore

Global Finance

Global Finance

Best SME Bank for Working Capital & Treasury 2015, Singapore
Best Online Cash Management, Asia
Best Foreign Exchange Bank, Southeast Asia and Singapore
Best Trade Finance Provider, Singapore

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

  • Skip the branch & apply online in 5 mins!